Research On The Influencing Factors Of Technological Innovation Of Chinese New Energy Vehicle Enterprises

In recent years,the problems of environmental pollution and energy shortage have become more and more serious.Due to the impact of the pressures and restrictions on fuel vehicles’ use,new energy vehicles have begun to be widely accepted by people and have been developing faster and faster.New energy vehicles have become an inevitable trend of the automotive industry revolution,and will maintain this good development trend for a long time.At present,Chinese new energy vehicles are developing rapidly,but compared with foreign countries,China’s technological foundation is weak,especially in terms of core technology,so it is urgent to promote the progress of technological innovation.In addition,when an enterprise carries out technological innovation activities,it is necessary to invest limited resources in technological innovation activities with a reasonable mechanism and proportion based on the effect of various influencing factors on technological innovation output.The purpose of this is to get more output and have stronger competitive strength.Therefore,it is particularly important to study the factors that affect the technological innovation of Chinese new energy vehicle companies.According to the theory of technological innovation,this paper considers the current technological innovation of Chinese new energy vehicle companies,and combs the relevant research of scholars,and gradually builds the index system of this paper.In the selection of indicators,this paper starts with internal and external factors and establishes two first-level indicators of internal and external factors.Then,this paper refines the first-level indicators and establishes second-level indicators.Among them,the second-level indicators of external factors include government policies and market factors.The secondary indicators of internal factors include corporate governance,business operations and resource allocation.Finally,this paper uses twelve three-level indicators to refine the indicator system again in order to form a scientific and comprehensive indicator system.Based on the index system,this paper uses the data of 18 listed companies in the past seven years for factor analysis and panel data regression.First of all,this paper uses factor analysis to conduct in-depth research on Chinese new energy vehicle companies,and finds that the main factors affecting its technological innovation are investment level,operating status,downstream supply chain tightness and upstream supply chaintightness.After that,this paper further calculates the factor score and the scores of various companies.The companies with higher scores,such as SAIC and BYD,can serve as role models for other companies,and also sound the alarm for companies with low scores.Subsequently,this paper conducted panel data regression analysis from the two aspects of scientific and technological achievements output and economic benefit output,and found that the input level,operating status and downstream supply chain tightness are positively correlated with scientific and technological achievements and economic benefit output.The impact of upstream supply chain tightness on the output of scientific and technological achievements is negative,while the impact on the output of economic benefits is positive.Finally,based on the empirical results,this paper puts forward corresponding suggestions for new energy vehicle companies and provides some directions for the government’s policy formulation.There are 3 figures,19 tables and 69 references.